Mark Thornton on the Minimum Wage

08/13/2015 Mark Thornton

Interviewed by host Paul Molloy, Mark Thornton discusses a recent Mises Daily article on the consequences of setting a minimum salary of $70,000.

They also examine the negative impact of the minimum wage, and how fair wages are determined by the market.

You can read the Mises Daily article they review by clicking here.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.